Preliminary research of Fairfield Market Research indicates a promising growth outlook for global silicone surfactants market during the course of next few years.
Silicone Surfactants Market Remains Influenced by Cometics and Personal Care Industry’s Shift Toward Natural Goods
The increased use of silicone surfactants as emulsifiers in personal care products is the cause of the rise of silicone surfactants. Along with several features, such as a lightweight formula, little pore clogging, and quick absorption, the increasing consumer use of bio-based skincare products is projected to contribute to the product demand. Demand for products used in grooming, skincare, and hair care formulations has increased due to growth in the cosmetics and personal care manufacturing industries. The cosmetics and personal care business is significantly moving toward natural goods. Due to improved lifestyles, rising per capita incomes, and consumer knowledge of natural products, there is a high demand for cosmetics and personal care items made from natural ingredients. Furthermore, natural surfactants improve the efficacy of formulations in cosmetics and personal care products. The global silicone surfactants market has also benefited from the usage of silicone surfactants to ensure noise insulation in homes and buildings.
Furthermore, silicone surfactants are now widely used in the textile industry. It has given the silicone surfactants market lucrative opportunities. Since foams are used to insulate the car's body from the heat and noise of the engine, the need for silicone surfactants in the automotive industry is anticipated to rise. China is the largest automobile market in the world, and the Chinese government anticipates that production will reach 30 million units by 2020 and 35 million units by 2025. This information comes from the International Trade Administration (ITA). Consequently, the market for silicone surfactants will be stimulated by the need for more polyurethane foams due to the increased automation in manufacturing.
Silicone Surfactants Market: COVID-19 Impact
The COVID-19 pandemic has adversely impacted silicone manufacturers' raw material supply chain, resulting in declining product demand. The silicone surfactants market, where the product is utilized as an additive in polyurethane foam that provides insulation to structures, was also impacted by the disruption of construction activity. This suspension of construction work and shutdown caused polyurethane foam consumption to fall, which in turn reduced the use of silicone surfactants in this industry. However, as consumers took precautions to keep their house's interior spotless throughout the lockdown, the rise in detergents and the soap sector also contributed to the expansion of market.
Increasing Demand from Newer Areas of Application Creates New Windows of Opportunity for Silicone Surfactants Market
The construction, agricultural, refrigeration, paints & coatings, and other industries are expected to have high levels of demand, which will drive the market's expansion. Silicone surfactants change the characteristics of paints and coatings via dispersion, solubilizing, foaming/defoaming, leveling, and photo-stabilizing. Additionally, these surfactants are employed as an ingredient during the production of polyurethane foam. Building insulation, commercial construction, and automobile insulation all employ this polyurethane foam. During the projected period, product demand will boom due to the growing use of polyurethane foam in cooling systems or refrigeration. Furthermore, the solution has a superior wetting ability that improves the activity of agrochemical substances like insecticides, plant growth regulators, herbicides, and foliar nutrients. Opportunities for silicone surfactants market expansion are anticipated to be brought on by the product's increased demand from the industries above.
Rising Demand for Personal Care Product Manufacturers Will Fuel Silicone Surfactants Market
Demand for formulations in hair care, grooming, and skincare is rising due to the expansion of the personal care product industry. In the personal care sector, natural products are a prominent trend. Cosmetics and personal care products to improve skin conditions and give a healthier-looking appearance, as well as the high use of cosmetics due to customers' improved lifestyles, have sparked an increase in product demand. Furthermore, natural surfactants in cosmetics enhance the integrity and efficacy of cosmetic formulations as consumers have grown more conscious of the contents of the goods they use at home and on their skin. Consumers are willing to spend a high price on natural and organic cosmetics and skin care products. As a result, the silicone surfactants market is driven by rising demand for these surfactants. Additionally, many significant industry participants, like Dow and Shin-Etsu, have revealed plans to expand their portfolio of surfactants. Several businesses have begun utilising natural and sustainable chemicals to create plant-based sustainable surfactants. Additionally, plant-based surfactants are less hazardous to the environment and help maintain the quality of cosmetic products. Together, these elements generate a more compelling and alluring product demand.
Wide Accessibility of Equivalent Alternatives Will Limit Silicone Surfactants Market Expansion
The availability of less expensive alternatives is the main market barrier for the global silicone surfactants market. Synthetic surfactants can be produced quickly and with readily available raw ingredients. As a result, they are provided to various end-use sectors at lower prices. Numerous small and medium-sized makers of personal care products are expanding. A significant market limitation is the lengthy and expensive legislative procedures required for government approval. Additionally, the manufacturer must consider environmental consequences and deforestation as side effects of producing plant-based surfactants, which will impact market expansion.
Emulsifiers Category Dominates Silicone Surfactants Market
The emulsifiers category held the largest silicone surfactants market share. It is anticipated that it will continue to rule the market during the forecast period due to the growing usage of surfactants in the personal care and cleaning sectors. Consumer demand for lotions, creams & conditioners, and detergents to use in personal care and domestic applications is anticipated to increase. The increased production of fire safety products, home chemicals, and cosmetics worldwide can be linked to the expansion of the foaming agents market. The product is a crucial component of face washes, hand washes, shampoos, detergents, and soaps because it promotes foam formation and lowers surface tension in the solutions.
Personal Care Industry Remains Top Performing Category in Global Silicone Surfactants Market
The personal care category dominated the silicone surfactants market in 2021. It is related to the rise in the usage of silicone surfactants in the manufacturing of skincare and hair care products. For greater results on the skin, these products need active ingredients like emulsifiers and foaming agents to activate the product. The need for personal care products has increased due to changing lifestyles and increased disposable income, which is driving the use of silicone polyether. Surfactants in paints, coatings, and polyurethane foam are being used to enhance the interior and exterior appeal of homes and offices as the renovation trend increases due to customers' improved lifestyles. As a result, the market for construction applications is expanding.
North America Reigns Supreme in Silicone Surfactants Market Owing to Rise in Government Financing
Over the forecast period, the North America silicone surfactants market will account for the largest revenue share. Products for personal and home care are in greater demand, particularly in developing nations like China, Japan, and India. Economic growth has improved consumer lifestyles, which has increased demand for personal care products, including hand washing, shampoo, and shaving cream. Due to the constantly expanding building industry, this region also consumes a lot of personal care products and more paints and coatings. It is anticipated to assist market expansion. Furthermore, rapid industrialization and expanding uses of silicone surfactants in the automobile sector are to blame for the development. The American Automotive Policy Council projects that by 2025, annual U.S. car output will reach 12 million automobiles.
The Asia Pacific silicone surfactants market is anticipated to experience stable revenue growth throughout the forecast period. It is attributable to important elements, including the availability of raw materials and the existence of important end-use industry manufacturers, like those in the personal care and automotive sectors. In addition, developing nations like India and Japan are seeing an increase in demand for cosmetics and personal care items, fueling market expansion. Furthermore, it is anticipated that favorable government policies and initiatives will fuel the region's need for silicone surfactants. To encourage businesses to produce their goods in India, the Indian government launched the "Make in India" campaign in 2014. India ranks 23rd in the world for "Ease of Doing Business," strengthening the hospitable business climate and accelerating industrialization.
Global Silicone Surfactants Market: Competitive Landscape
A few of the players in the silicone surfactants market are Dow Chemical Company (U.S.), Momentive Performance Materials (U.S.), Wacker Chemie AG (Germany), Innospec (U.S.), Shin-Etsu Chemical (Japan), Andisil (U.S.), Evonik Industries (Germany), Supreme Silicones (India), and Siltech Corporation (Canada).
Recent Notable Developments
Regional Classification of Global Silicone Surfactants Market Can be Given as Below:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Silicone Surfactants Market
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